When the wealth and our future was allowed to emigrate
Both the politicians and their economic advisors are like navigators on a liner cruising in iceberg infested waters. The ship has been damaged by several minor iceberg hits and the mixed group on the bridge is arguing how they are going to get past the next such obstacles without totally loosing control. Late October 2011 the German ship-owner forced the rest to take a course past the closest large iceberg and to accept plans for new rules for cooperation. All ignore that some time back they deliberately blew away all seacocks and bilge pumps of the western economies to let the sea flow freely in – and out (ignoring that gravity would make this rather unlikely).
It is a veteran historian’s attempt to read through the chaff of public discourse during the phased economic melt-down. He desperately hopes – especially for his daughters and grandsons – that he is wrong in the analysis.
Continue Reading 5 comments October 15th, 2011